Explaining Price Dispersion in the Manhattan Beer Market: Information Acquisition, Geographic Distribution and Searching under the Influence
نویسندگان
چکیده
1. Overview and Summary The term price dispersion is commonly used to refer to firms in the same market selling identical goods for different prices at the same time. Since the early conjecture by Bakos (1997) that electronic markets are likely to feature lower price dispersion on account of lower search costs, a number of researchers have studied how information technology alters the observed variation of prices across sellers, in both traditional and online marketplaces.
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